Alerts

CFTC Amends Regs To Require E-Filing of CPO/CTA Exemption Notices Effective Feb. 15

February 6, 2007

The Commodity Futures Trading Commission ("CFTC") has adopted amendments to its Part 4 regulations to require that notices of exemption or exclusion required by Regulations 4.5, 4.7, 4.12(b), 4.13 and 4.14(a)(8) be filed electronically. Effective Feb. 15, commodity pool operators and commodity trading advisors (whether registered or exempt from registration) must file new notices with the National Futures Association ("NFA") electronically and NFA will no longer accept hard copies of the filings. These filings are typically needed when a new fund manager begins operations or when an existing fund manager intends to launch a new fund. The amendments do not impact any filings previously made.